What was the net amount of accounts receivable from related parties for Beyond Juicery Eatery in 2024?
Beyond_Juicery_Eatery Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | ||
|---|---|---|---|---|
| Current Assets | ||||
| --- | --- | --- | --- | --- |
| Cash | $381,616 $ | 484,051 | $81,554 | |
| Restricted cash | - | 21,982 | 945 | |
| Accounts receivable: | ||||
| Accounts receivable - Net | 105,105 | 46,412 | 35,302 | |
| Accounts receivable - Related party (Note 3) | 43,091 | 102,863 | 98,059 | |
| Notes receivable from franchisees - Current | ||||
| portion (Note 4) | 7,658 | 58,877 | 57,986 | |
| Note receivable - Related party - Current portion (Note 4) | 32,500 | 32,500 | 22,500 | |
| Prepaid expenses and other current assets | 30,851 | 50,243 | 18,975 | |
| Total current assets | 600,821 | 796,928 | 315,321 | |
| Property and Equipment - Net | 17,710 | 20,141 | 16,208 | |
| Right-of-use Operating Lease Assets - Net (Note 5) | 512,026 | 571,240 | 629,065 | |
| Other Assets | ||||
| Notes receivable from franchisees - Net of current | ||||
| portion (Note 4) | 8,448 | 16,348 | 100,392 | |
| Note receivable - Related party - Net of current | ||||
| portion (Note 4) | 165,885 | 98,450 | 132,426 | |
| Total assets | $1,304,890 $ | 1,503,107 | $1,193,412 |
Source: Item 23 — RECEIPTS (FDD pages 60–337)
What This Means (2025 FDD)
According to Beyond Juicery Eatery's 2025 Franchise Disclosure Document, the net amount of accounts receivable from related parties was $43,091 as of December 31, 2024. This indicates the amount due to Beyond Juicery Eatery from its related parties. Related parties could include parent companies, subsidiaries, or other entities with common ownership or control.
For a prospective franchisee, understanding the financial relationships between Beyond Juicery Eatery and its related parties is important. Significant transactions with related parties can affect the company's financial stability and performance. While this receivable represents money owed to Beyond Juicery Eatery, it's crucial to assess the creditworthiness and reliability of these related parties to ensure these receivables are collectible.
Franchisees should consider this figure in the context of Beyond Juicery Eatery's overall financial health. Investigating the nature of these related party transactions and the terms of repayment can provide a more comprehensive understanding of the company's financial practices. It is also worth noting the amounts for 2023 and 2022 were $102,863 and $98,059, respectively, which shows a significant decrease in 2024.